Trading Plan for Delta Air Lines Inc. (NYSE)

Delta Air Lines Inc. (NYSE)
#DAL

The trend is upward. The stock is trading within the range of the 365 and 135 EMA. The descending wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates an oversold condition.

Trading Idea:
Buy upon the formation of an upward wave structure, where wave A breaks through the descending channel of the truncated structure.
Stop Loss – 56.92 (below the local low of the descending truncated structure).
Target levels – 59.45; 62.40.